David Sacks

…with the launch of Claude Design. So this was a new vertical app that Anthropic launched to compete in the design category. And Figma's founder said that Anthropic had not been completely honest with them, Anthropic's chief product officer had actually even served on Figma's board and didn't resign until three days before the launch of Claude Design. So obviously Figma again felt blind sided by this. And you can see the resulting impact on their stock price. Figma's stock has fallen something like 50% this year while Anthropic's valuation has surged. This is not an isolated example. Anthropic has also launched Claude Science, Claude Security, Claude Legal, Claude Financial, and of course Claude Code, and every single one of these vertical apps expanded into categories that was previously served by companies building on top of Anthropic's own models. And really, if you want to go back to when Anthropic's revenue explosion began, it was with the launch of Claude Code. And how did they know to launch that product? Because they saw that cursor was doing extremely well. Cursor was one of their biggest customers. They created the coding assistant first . They created that category. And Anthropic said, "Oh, like why don't we vertically integrate?" So in other words, they're watching where the value is being created on top of their models. Then they're moving in directly. And this is a formula that I think is…From: this video · 12 claims mined from it

…strong. But let's go back to this supposed crashout by Karp on CNBC. It was nothing of the sort. It was all these legacy media types making that claim. And that's the first clue that he's actually saying something insightful and maybe kind of brilliant. And I think the thing that he said that I hadn't really thought about in quite those terms is he started talking about AI safety in the enterprise and what that really looks like. And what he said is that what technical customers want is control over their compute, their models, their data stack, and their alpha, meaning their proprietary knowledge. They want to know they own the means of production, he said, and it's not being transferred to someone else. And what he's referring to there is that these enterprises are at risk of transferring their knowledge, their know-how, their trade secrets, their customer data to these model providers who might eventually decide to compete with them. Like you said, JCal, and you can see that enterprises are waking up to this threat and they're not happy about it. And I think Karp is exactly right about that. Now, I think this is a really interesting take on AI safety because what safety means for an enterprise is, again, that they get to control their own data, their model weights, their compute, so a frontier lab can't hoover up their proprietary knowledge, their alpha, and turn it into their next product.…From: this video · 12 claims mined from it

…do work. Okay. But do you think cabs and cities are not going to be self-driving? Do you think Zipline's not going to deliver your food? You're doing the Montanbailey thing again, JCal. It's not Montanbailey. I see this from my investments. I have a company, Autolane, that is doing this right now. But just go to customer support again, because you've been saying, yeah. I literally, we've had this debate ver batim and- Well, displacement, not job loss is my only point. Yeah, yeah, yeah. What Freiburg is pointing out is that whenever anyone pushes back on the fact that you don't have any data to support this in the present, you say you're talking about the future. Okay, fine. It's a prediction. There's no data to support it in the present. That's fine. You're saying it's going to happen in the future. No, no. I'll give you the data point. Oh, you will? You can dismiss what I want. I will. Yes. If you talk to Uber and Waymo, in the cities where Waymo is present and has gotten past a couple of hundred cars, they've stopped recruiting drivers. Drivers are either static or going down in those markets. So that is absolute evidence that this is happening and the rollout is going to be fast and furious. So it is not a future prediction. You can talk to the CEO of Waymo, you can talk to the CEO of Lyft and Uber, and they will tell you this explicitly. That's called marketing. I remember that. We interviewed Darren. He said jobs were increasing at Uber. Yeah. Because you're talking about more . Because productivity is going up with delivery. Productivity goes up. So it means people drive more. I'm not lying. You 're being disingenuous. No. The last time we interviewed Darren , on stage, he said jobs were going up. In markets where Waymo is, in markets where Waymo is, there might be other…From: this video · 12 claims mined from it

…is. And then just ask your favorite AI, compare California on the spectrum of Florida versus Illinois. And what you'll find is California is even worse than Illinois in most of those comparisons. Sacks, you want to give us the last word here? Yeah, I mean, I guess my decision to go to Texas is looking better and better. Yeah. I mean, I said when this, when this BTA thing, the so-called billionaire tax act was proposed and everyone was saying, oh, that's very low probability this happens. I was like, I don't really see why it would be low probability. I think it's going to get on the ballot. All you have to do is collect a certain number of signatures. It's not that hard. And then once it's on the ballot, I don't see why it wouldn't pass. And everyone's like, no, no, no. Gavin Newsom is assured us that he'll kill it. He'll make some backroom deal, get rid of it. And on the day, the final day where BTA was going to be dropped from the ballot or not, Newsom came out with a video on X where he basically endorsed more taxes on billionaires. And this was right after the DSA candidates won in New York. So he sees the writing on the wall. He's not going to come out publicly. By the way, the problem with the billionaire tax is that if it does get passed and it isn't obviated by the three other ballot initiatives that actually negate it,…From: this video · 12 claims mined from it